Thread: Discuss the GBP/USD with a DailyFX Analyst

I just did this. This is the 28 day solution for gbpjpy for tommorrow, Wed.

Originally Posted by 4xis2ez

I just did this. This is the 28 day solution for gbpjpy for tommorrow, Wed.

Hi I am here and watching, have missed a lot trades too. Couldnt trade today. I am still getting some bearings back after such big moves. Your 28 days solution and the H10 worked out well.
Best regards and many good trades,
2be

Originally Posted by 4xis2ez

Oh, buy the way, you guys using my cycle analysis must pay me 10% of your profits if you want me to post more. Ha Ha Ha.

Only if we can offset with 90% of losses. :-)

Seriously though, I got the Delta book for my birthday in September and have been trying to refine my own very crude 2 hour cycle combined with 5m RSI. Your posts have been soooooooo helpful (to say the least). They show some method in my madness with the 12/13 turns per day.

I gave 50% of my gains for the last 10 days (200+ pips worth) to an international charity. All of that is credit to you 4xis2ez.

Massive thank yous
(btw a big thank you to JohnG , 2be and cmellon for their valuable contributions too.)

Thanks for the comment 4xample. Take care.

I am posting this again before it gets on another page. GbpUsd is tanking some more in the past few hours. It is possible the 3 low due early Wed could be late. Maybe even as late as the 6 low on Weds 28 day cycle posted here also.

Below is technical analysis video on the impact of fractured credit market to GBP in 1981-1984, which could translate to the current situation. It's not a normal time nowadays.

Nasdaq Could Sink to 1,108 as Bear Accelerates: Analyst - General * Europe * News * Story - CNBC.com

Euro is in similar major problem... breaking (and could be closing this week) below the 200 week SMA. Below is tech analysis on Euro (a bit at the end of the video after commodity and S&P)

Video- CNBC.com

Originally Posted by 4xis2ez

I am posting this again before it gets on another page. GbpUsd is tanking some more in the past few hours. It is possible the 3 low due early Wed could be late. Maybe even as late as the 6 low on Weds 28 day cycle posted here also.

hi,
if it is not too troublesome. may i know when u post this msg
in new york what date & what time.
cos mine now is 22.10 asia 855am.
would like to map correct timing of mine w/ u all analysis.tks
panda eyes

Originally Posted by Panda Eyes

hi,
if it is not too troublesome. may i know when u post this msg
in new york what date & what time.
cos mine now is 22.10 asia 855am.
would like to map correct timing of mine w/ u all analysis.tks
panda eyes

You could use fx charts that show Eastern time US. This would be a very easy fix. Otherwise, find out on the internet the difference in time zone of your locality and Eastern time US and then change the time I have marked on the bottom of the 28 day chart to your local time zone.

ATTENTION USERS OF THE 28 DAY CYCLE.

My 28 day cycle solution is done on Eastern Daylight Saving time US. When the clocks change back to regular time, the one hour time shift matters on my 28 day solution. I will change the times on my charts when the time shift occurs before I post them on this forum. In the US, the day of the time change is the first sunday in November.

If no one has looked at this yet.. Here is a shot of the Monthly chart with a Fib attached.. This is from the 2001 low of 1.3680 to the High of 2.1143 of 2008. We are right at the 38% or 61% retracement.. Just depends on how you are putting on your Fib Lines.. This also corresponds with the 200 SMA.. This could be the bottom.. If we blow right through this.. Look for the 1.56xx to 1.53xx area for our new possible bottom on this thing..
If not...We always have the 2001 Low to bottom out at..

Originally Posted by djindyfx

If no one has looked at this yet.. Here is a shot of the Monthly chart with a Fib attached.. This is from the 2001 low of 1.3680 to the High of 2.1143 of 2008. We are right at the 38% or 61% retracement.. Just depends on how you are putting on your Fib Lines.. This also corresponds with the 200 SMA.. This could be the bottom.. If we blow right through this.. Look for the 1.56xx to 1.53xx area for our new possible bottom on this thing..
If not...We always have the 2001 Low to bottom out at..

Hi DJ,

I have same figures. Monthly indicators show me more downside. Weekly ones, little bit oversold but going down. same dailies. If the pair handles to closing this week (month) below 1.6535 (61.8%), just sell rallies... next key supports see at 1.58, 1.48 and 1.36... what do you think?

Best,

A.

Originally Posted by 4xis2ez

ATTENTION USERS OF THE 28 DAY CYCLE.

My 28 day cycle solution is done on Eastern Daylight Saving time US. When the clocks change back to regular time, the one hour time shift matters on my 28 day solution. I will change the times on my charts when the time shift occurs before I post them on this forum. In the US, the day of the time change is the first sunday in November.

hi..question again...
as i m very new in yr system.
may i know so today yr buy time is ard when?
tks...

Originally Posted by 4xis2ez

I am posting this again before it gets on another page. GbpUsd is tanking some more in the past few hours. It is possible the 3 low due early Wed could be late. Maybe even as late as the 6 low on Weds 28 day cycle posted here also.

morning...think 1 high is in should run south ..euro and london opening could see this tank..if it hasnt tanked already lol

Originally Posted by 4xis2ez

Oh, buy the way, you guys using my cycle analysis must pay me 10% of your profits if you want me to post more. Ha Ha Ha.

Only 10% Really!! You ARE on point with this stuff! i'm sure your balance reflects it, too! Like i said before my #1 and # 2 were right on point with yours but my #3 and #4 are way off. and it looks like the #3 low was made just before 2 am(nyc time). i just dont have the marks in the same place as you. i have to learn more about the proper way to mark this stuff! its in the book. and your experience really seems to matter. i have included the charts i did using this method. Perhaps you or anyone for that matter, could easily see where i have made my mistakes, as i cannot! At any rate, i am fascinated with this system and i plan on keeping diligent with my study. maybe someday i'll be able to help someone else learn.

cmellon and 2be helped a great deal as well,although cmellon's chart looks a bit daunting right now. $xis2ez, you dont use the colors on your charts?

anyway i learned a lot today. Thank you! talk to ya soon!

Hi,

Ok so a bit of a plea for help really...

I'm not looking to learn to trade or make anything from this forum (mainly because I couldn't) but i'm with a band that are going to the States to record in January, when we booked the recording stupidly no one thought of changing currency rates at all and with the rate being quite good at the time (around 1GBP - 2USD) we were getting a good deal (Its costing 9000 USD which at the time was about £4500) now with current affairs our price has increased by nearly a grand, basically i'm trying to work out the best time to transfer our payment, being musicians we really can't afford this lift so if anyone could help it'd be greatly appreciated!!!

Kirk